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Suppose you buy a one-year zero-coupon bond with a $100,000 face value for $96,618.36. What is the one-year spot rate? Please show the steps with

Suppose you buy a one-year zero-coupon bond with a $100,000 face value for $96,618.36. What is the one-year spot rate?

Please show the steps with a financial calculator!!

Answer choices: 3.44%

2.5%

3.63%

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